Well...I made a difficult decision today. After much thought I decided to sell my position and take a more than 50% loss. I removed all emotion and just went with my instincts. This was the only stock that I held that was making me uneasy. No news, no update, nothing at all to allow me to weigh the pros and cons.
It's never easy taking a loss on a stock but my rational is that we were sitting at 1 cent for the longest time. When we were scraping the bottom I had resigned myself to the fact that 100% of my money was likely gone. The fact that I was able to recover almost 50% is a win in my mind (human's are great...we can justify anything!)
I am going to watch closely and maybe, just maybe there will be a reason to take up a new position at some point. What I do know is that anyone still holding this will likely have to send me a thank you note! Every time I sell...the stock jumps significantly. Get ready for the Newmont buyout. LOL
GLTA. I'll check in once in awhile. Cheers.